Government business and finance

A shopper passes a display window with mask covered mannequins at a dress store, Thursday, July 30, 2020, in McAllen, Texas. (AP Photo/Eric Gay)
July 30, 2020 - 5:37 pm
WASHINGTON (AP) — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no sign of abating. The economy's...
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FILE - In this July 22, 2020, file photo, motorists take part in a caravan protest in front of Senator John Kennedy's office at the Hale Boggs Federal Building asking for the extension of the $600 in unemployment benefits to people out of work because of the coronavirus in New Orleans, La. A Republican proposal to slash the $600 weekly benefit boost for those left jobless because of the coronavirus shutdown could result in weeks or even months of delayed payments in some states. (Max Becherer/The Advocate via AP)
July 30, 2020 - 8:34 am
WASHINGTON (AP) — More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy. The continuing wave of job cuts is occurring against the backdrop of a spike in virus cases that...
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Facebook CEO Mark Zuckerberg speaks via video conference during a House Judiciary subcommittee hearing on antitrust on Capitol Hill on Wednesday, July 29, 2020, in Washington. (Graeme Jennings/Pool via AP)
July 30, 2020 - 7:29 am
WASHINGTON (AP) — Congressional lawmakers finally got a chance to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that stifle competition. But it's unclear how much they advanced their goal of bringing some of the world's largest companies to heel...
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The buildings of the banking district are seen in Frankfurt, Germany, Thursday, July 30, 2020. The Federal Statistical Office will release 2nd-quarter German GDP (gross domestic product) figures on Thursday. (AP Photo/Michael Probst)
July 30, 2020 - 6:51 am
FRANKFURT, Germany (AP) — Germany’s economy, Europe's largest, took a massive hit during the pandemic shutdowns, shrinking by 10.1% percent during the April-June period from the previous quarter as exports and business investment collapsed. It was the biggest drop since quarterly growth figures...
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FILE - In this July 29, 2020, file photo President Donald Trump arrives to deliver remarks about American energy production during a visit to the Double Eagle Energy Oil Rig in Midland, Texas. Trump, like many fellow Republicans, holds out tax reductions and regulatory cuts as economic cure-alls and frames himself as a conservative champion in seemingly endless culture wars. But the president, still trying to fashion himself as an outsider, offers little detail about how he’d pull the levers of government in a second term. (AP Photo/Evan Vucci, File)
July 30, 2020 - 5:41 am
WASHINGTON (AP) — President Donald Trump and his Democratic challenger, Joe Biden, both promise sweeping progress over the next four years –- via starkly different paths. Trump, like many fellow Republicans, holds out tax reductions and regulatory cuts as economic cure-alls and frames himself as a...
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Currency trader watch computer monitors near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, July 30, 2020. Asian stocks advanced Thursday after the U.S. Federal Reserve left interest rates near zero to support a struggling economy. (AP Photo/Lee Jin-man)
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July 29, 2020 - 11:49 pm
BEIJING (AP) — Asian stocks advanced Thursday after the U.S. Federal Reserve left interest rates near zero to support a struggling economy. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul all gained. Lower interest rates and investor optimism about a possible coronavirus vaccine have helped...
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Facebook CEO Mark Zuckerberg speaks via video conference during a House Judiciary subcommittee hearing on antitrust on Capitol Hill on Wednesday, July 29, 2020, in Washington. (Graeme Jennings/Pool via AP)
July 29, 2020 - 11:14 pm
WASHINGTON (AP) — Congressional lawmakers finally got a chance Wednesday to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that stifle competition. But it's not clear how much they advanced their goal of bringing some of the world's largest companies to...
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President Donald Trump adjusts his jacket as he stands with Double Eagle Energy co-CEOs Cody Campbell, left, and John Sellers, right before viewing the Double Eagle Energy Oil Rig, Wednesday, July 29, 2020, in Midland, Texas. (AP Photo/Evan Vucci)
July 29, 2020 - 8:21 pm
MIDLAND, Texas (AP) — President Donald Trump took sweeping digs at “crazy left radical Democrats” on a trip Wednesday to the fracking fields of West Texas, launching unsubstantiated claims that a Democratic administration would destroy everything from the country's suburbs to the U.S. energy...
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FILE - A line of Spirit Airlines jets sit on the tarmac at the Orlando International Airport Wednesday, May 20, 2020, in Orlando, Fla. Spirit Airlines is warning, Wednesday, July 29, 2020, employees that it could furlough up to 30% of its roughly 9,000 workers in October, when federal payroll-help money runs out. (AP Photo/Chris O'Meara)
July 29, 2020 - 7:41 pm
Spirit Airlines is warning employees that it could furlough up to 30% of its roughly 9,000 workers in October, when federal payroll-help money runs out. CEO Ted Christie said in a memo to employees that furloughs might be needed because Spirit is burning through too much cash as the coronavirus...
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In a photo provided by the Tennessee State Senate, Tennessee state Sen. Katrina Robinson poses for a photo in Nashville, Tenn., date not known. Robinson has been charged with stealing more than $600,000 federal funds received by a health care company she directed and using the money to pay for her wedding and other personal expenses, federal prosecutors said Wednesday, July 29, 2020. A criminal complaint unsealed Wednesday charges state Robinson with theft and embezzlement involving government programs and wire fraud, U.S. Attorney D. Michael Dunavant said in a news release. (Tennessee State Senate via AP)
July 29, 2020 - 7:31 pm
MEMPHIS, Tenn. (AP) — A Tennessee state senator has been charged with stealing more than $600,000 in federal funds received by a health care company she directed and using the money to pay for her wedding and other personal expenses, federal prosecutors said Wednesday. A criminal complaint unsealed...
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